Do I let’s say for my first deal I plan to pay investors a 6% preferred return and after that a 70% split to investors and 30% to me.Do I incorporate Blue Estate LLC and then go straight into creating a fund similar to that of Cardone Equity Fund VI which is a fund of Cardone Capital or do I just syndicate a single property deal and create a property LLC paying management fees to my firm to later hire employees and profit splits to investors and myself?

I'm hoping to stay in the lower and rent out the upper.My credit is around 600...that coupled with the mid remodel makes it tough to find traditional lenders.

@Anita Fulton that is a huge valuation on a home in the Houston area and at that price point it is really tough to nail down an exact value, are there any comps in your neighborhood? 

That's a tough one.

Hi Yankel,  I suggest you look out of the box to rent those 3 months: Realtors might have a client who needs to relocate to the area...Businesses might have new employees moving into town who are house hunting...Check the women's shelter for women who just fled from abuse who might take it for 3 months ( I think there is a small amount they are given for housing. 

@Brandon Stafford Aloha mate, thats a tough one see with more time you can do more in the real estate section but with more money you can buy other peoples time to do more in real estate.

Currently getting my feet wet on the wholesale side of things out in Denver, CO, which is looking to be a pretty tough market.

It would be really helpful.Thanks, BPI'll echo the sentiments others have expressed - if you haven't learned how things are are built, or are just starting out, it's tough to get any trades to work with you for anything less than premium rates.  

Finding 1-4 units is a little tough right now.

@Roger Brogan I am all for taking action, but to self manage a property an hour away could be a tough way to  learn some lessons.